What started as a hopeful venture turned into a devastating setback, with my investment evaporating into a $245,000 loss. The moment I realized I had fallen victim to a scam, I was flooded with a mix of shame, anger, and uncertainty about my next steps. In my search for help, I came across C-O-S-T-N-E-R R-E-C-L-A-I-M a company that made me skeptical at first. However, their professionalism quickly won me over. From the first interaction, they communicated openly, explained the reclaiming process in clear terms, and refrained from offering unrealistic guarantees. Their communication throughout the entire process kept me informed and reassured. To my astonishment, they succeeded in reclaiming a significant portion of my funds, something I had thought was a lost cause.
About Galileo FX (galileofx.com)
Information written by the company (**Below is a rejoinder to the claims made in this publicly posted document by the company; my comments are in brackets with the **)
Galileo FX is a versatile automated trading software designed to enhance your trading efficiency across various markets like Forex, Crypto, Metals, and more. It fully automates the trading process, executing buy and sell orders based on your predefined settings. For example, you can set the software to open a trade after detecting multiple consecutive signals, ensuring it only enters positions when trends are stronger, reducing the likelihood of false signals.
(**This is a dangerous half-truth. It does not fully automate the trading process; if you do this, you will lose all the money in your account. To have any chance of success, you need to monitor manually whatever trades the BOT opens. Having a setting to open a trade after detecting consecutive signals does not ensure the position entered is strong. The problem is that the so-called "signals" are just x bullish bars or y bearish bars and trades are executed regardless of where those "signals" occur. In reality, those "signals" will happen in the wrong places and at the wrong time and will be losses.)
Galileo FX also offers comprehensive loss protection with features like stop-loss limits, max orders, and trailing stops, helping to minimize risks and secure your profits. What makes Galileo FX truly powerful is its extensive customization options. You can adjust the software to fit your trading style, whether you prefer a slow, fast, or aggressive approach. It supports multiple trading strategies and allows for simultaneous trading across different assets, helping you diversify your investments.
(**This is inaccurate about what this BOT actually does, and it misled me into purchasing it. The ONLY strategy this BOT executes is to keep trying to find the tops and bottoms of price moves (based on the settings that you input) which anyone who has traded for 5 minutes knows is a very bad idea because you don't know there the top or bottoms are located. "Trading Strategy" means things related to Trend Continuation, or Trend Reversal or Consolidation phases of price movement. The Galileo BOT is unable to execute any strategy related to these automatically because it only counts bullish and bearish bars and uses this to enter trades. Most of the entries are wrong spots to enter trades and will lead to a lot of losses.)
The software is compatible with MetaTrader 4 and 5, integrates easily with 400+ brokers, and includes over 130 pre-configured settings, saving you time on setup. With an accuracy rate of up to 96.46% and 24/7 trading capabilities, Galileo FX ensures that you're always in the market, capitalizing on every opportunity.
(**This is also misleading because it is a half-truth. While it is true that there are pre-configured settings, and they even have "premium settings" that are sold on their website, what isn't true is that the 96.46% accuracy claimed here should be taken with a massive grain of salt as it is too general. Accuracy of what? Does this mean the win rate is 96.46%? If yes, with what instruments were such results achieved? In what phase of price movements? At what time of trading hours? During what session(s)? Etc. In my own back testing using the BOT for instance on XAUUSD from January 2024 – October 2024 using an 8-6 setting (the "premium" or pre-configured settings are rubbish) on the 30-minute frame, accuracy was consistently less that 30%, and although it did show a huge profit, it was because I had the benefit of hindsight to know that the market was in a steep climb and I had a setting allowing a 1-5 RRR; no one has this knowledge of the future, so it is not realistic).
I reserve the right to take legal action!
ATTENTION ATTENTION!
This EA, the Galileo Fx, which is praised to the highest, is in fact one of the lowest, simply said it is a scam, same like ForexFury!
Why is that?
All provided sets aren't functioning, and while they praise their upcoming premium sets, to purchase separately, all of these aren't functioning either.
Instead of winning money only losses are created.
The advices from their online"experts" are to try changing the values of the EA`s parameters on a regular basis, based to the actual situation of the market, furthermore to let the EA run for some while so that it is "learning" by itself on an AI basis, but neither nor does work. A further advice was to do a backing test. I tried so many times to do a backing test with different settings but there never came out a long term win or even a win by shorter time frames like one month!
The provided online service, via email and chat, is one of the most lousiest I have ever experienced, without any competency, and as soon the EA is purchased their support is more or less shot down with it!
If you wanna book their service for installation, duration approx 5 minutes, they charge you with a fee of 261.80 Euro, cheep, isn't it!
Their provided MyFxbook datas and further can`t be for real, these are scammed documentations!
One of the best parts is then their Facebook group, accessible after the EA purchase. In fact it`s a censored group, all negative comments and all criticism will be deleted immediately, and in the event of repetition the author will be banned from the group, the same with Youtube comments, any kind of criticisms are not tolerated!
Take a deeper look at the here written reviews, all of the 5 and 4 star reviews are written by people, who has been commissioned and paid to do so!
I really hope that my review is recognized and does help to stop this scammer and stop people like you and me from purchasing!
BE WARNED!